PTC INDIA LTD. - 532524 - Clarifications By The Company On Media Reports
PTC India Limited, the leading provider of power trading solutions in India, issued clarifications on certain media reports about advisories being issued by some agencies advising shareholders to vote against the management proposals of approvals of accounts for Financial year 2021-22 and re-appointment of Directors on the board of the company PTC INDIA LTD. - 532524 - Clarifications By The Company On The Recent Media Reports
PTC India Limited, the leading provider of power trading solutions in India, issued a clarification about the recent media reports on PTC's promotor companies selling their equity stakes in PTC. The management of the company has reviewed the media reports and would like to clarify that PTC is not aware of any such developments of stake sale by the promotor companies. It may be noted that all the four (4) promotor companies have nominated their senior officials on the Board of PTC who have always been actively participating in the board meetings and consistently guiding the company for its future growth PTC INDIA LTD. - 532524 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has received the enclosed intimation mail from our RTA - MCS Share Transfer Agent Ltd., regarding the duplicate share certificates of the Company that have been issued, the details of which are attached PTC INDIA LTD. - 532524 - Addendum To The Notice Of 23Rd Annual General Meeting Of The Company
This is further to our intimation dated 8th December, 2022 whereby the Notice of the 23rd Annual General Meeting (AGM) was submitted in compliance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequent to the issuance of the AGM Notice, the Company has received a notice in writing under Section 160 of the Companies Act, 2013 from a Member, proposing the candidature of Shri Mohammad Afzal (DIN: 09762315), for the office of Director of the Company as nominee of the Ministry of Power, Government of India. Accordingly, the proposal for appointment of Shri Mohammad Afzal (DIN: 09762315) shall be an additional agenda as Special Business in Item No. 5 in Addendum to Notice of 23rd AGM. The Board of Directors of the Company through a resolution by circulation dated 12th December, 2022 have appointed Shri Mohammad Afzal (DIN: 09762315) as a nominee Director of Ministry of Power, Government of India.
Resignations at PTC India Financial Services put focus on governance
Three independent directors have resigned since November 22 amid allegations of mis-governance at the company. Independent directors Jayant Gokhale and Devendra Saksena resigned on December 2 while Sushama Nath resigned on November 22 after the release of the audit report earlier in the month. PTC INDIA LTD. - 532524 - Announcement under Regulation 30 (LODR)-Change in Directorate
This is to inform you that: - (i) Shri Mohammad Afzal, (DIN - 09762315) has been appointed as Nominee Director of Ministry of Power, Government of India on the Board of PTC India Ltd w.e.f. 12-12-2022, his appointment has been approved by the Board vide circular resolution dated 12-12-2022 (ii) Shri Mohammad Afzal, (DIN - 09762315) is a Joint Secretary (Transmission) in Ministry of Power, Government of India, etc. His brief profile is attached. (iii) He has no relationship with any of the Directors of PTC and is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority. PTC INDIA LTD. - 532524 - Copies Of Resignation Letters Of (I) Smt. Sushama Nath (Ii) Shri Jayant Purushottam Gokhale (Iii) Shri Subhash S. Mundra And (Iv) Smt. Preeti Saran As Independent Directors Of PTC India Limited
This is with reference to our earlier communication vide our letters dated 6th and 7th December, 2022 regarding resignation of four independent directors. The copies of respective resignation letters (wherein reasons of their resignations are also mentioned) of following Independent Directors are enclosed. (i) Smt. Sushama Nath, Independent Director (DIN : 05152061)- resigned on 5th Dec., 22 (ii) Shri Jayant Gokhale, Independent Director (DIN : 00190075)- resigned on 5th Dec., 22 (iii) Shri Subhash S. Mundra, Independent Director (DIN : 00979731)- resigned on 5th Dec., 22 (iv) Smt. Preeti Saran , Independent Director ( 08606546) - resigned on 6th Dec., 22 The copies of their respective resignation letters were already enclosed by the Statutory Auditors in their report dated 7th December, 2022, which were available in the web-site of the Exchanges. Further, in this connection a clarification was sent to the Stock Exchanges on 8th December, 2022 (enclosed). PTC INDIA LTD. - 532524 - Announcement under Regulation 30 (LODR)-Newspaper Publication
This is in furtherance to our intimation letter dated December 7, 2022 regarding newspaper advertisement of publication of Notice of 23rd AGM, the Company has completed dispatching of electronic copies of AGM Notice & Annual Report for the FY 2021-22 by December 8, 2022 to all the members, whose email ids are registered with the company / depository participant(s). Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI Listing Regulations, we hereby enclose copies of the newspaper published in Business Standard (English & Hindi) both dated December 9, 2022, regarding completion of dispatch of AGM Notice & Annual Report. The cuttings of notice, which has been published in Business Standard (English and Hindi Edition) are attached herewith.
PTC INDIA LTD. - 532524 - Dividend & Record Date Clarification
This is in continuation to our letter dated 24th November 2022 and telephonic discussions with BSE official regarding recommendation of final dividend recommended in Board meeting held on 24th November 2022. a) The rate of final dividend (as recommended) for FY 2021-22 is 58% i.e. Rs. 5.8 per equity share of Rs. 10 each. The same is subject to approval of shareholders in ensuing Annual General Meeting proposed to be held on 30th December 2022; b) This is further to clarify that Register of members shall remain closed from 17th December 2022 to 30th December 2022 for the purpose of dividend. Further, the Members of the Company whose names appear on the Register of Members as on Friday, 16th December, 2022 (closing hours) would be entitled to receive the final dividend (if declared at ensuing AGM) @ 58% (i.e. 5.8 rupees per equity share at a share of Rs. 10/- each) for FY 2021-22